Follow us
Hyundai Motor India's FY24 margins among the highest in India
A look at Hyundai Motor India's FY24 numbers reveals that the company has profit margins that are ahead of most of its peers
15 Oct 2024
10878 Views
Share -
The dual advantage of volume growth, coupled with increased realizations in the export market, has enabled Hyundai Motor India to remain one of the most profitable carmakers in the country.
According to data from the Red Herring prospectus of its Indian subsidiary, the Creta and Venue manufacturer, it achieved an operating (EBITDA) margin of 13.08% in FY24 -- one of the highest among Indian carmakers.
This is higher than most of its listed peers such as Mahindra & Mahindra, and Tata Motors' PV division.
Market leader Maruti Suzuki is the only listed automaker that has a somewhat ...
RELATED ARTICLES
Ather Energy Becomes Fourth Indian EV Maker to Surpass 700,000 Sales
Ajit Dalvi
26 Jun 2026
With robust 91% YoY growth this year, the smart electric scooter maker is the fourth electric two-wheeler OEM after Ola,...
Maruti e-Vitara Sales in India Cross 7,000 Units, Exports Exceed 35,000 Units
Ajit Dalvi
25 Jun 2026
Demand picks up for the e-Vitara, which had a 2% share of Maruti Suzuki’s highest-ever monthly utility vehicle wholesale...
Kia Carens Sales Top 300,000 Units, Clavis and Clavis EV Power Speedier Growth
Ajit Dalvi
23 Jun 2026
The Carens MPV, accounting for a 26% share of Kia India's 1.16 million utility vehicle sales since its February 2022 lau...
